22-12-2009)
(CAAI News Media)
HA NOI — A conference on promoting Vietnamese investment in Cambodia will be held in HCM City on Saturday, Deputy Minister of Planning and Investment Dang Huy Dong announced yesterday.
The national level conference will be presided over by Vietnamese Prime Minister Nguyen Tan Dung and Cambodian Prime Minister Hun Sen.
During the event, relevant ministries, sectors and businesses from the two nations will discuss the Cambodian investment climate, strategies on attracting foreign investment as well as its investment incentives, especially applied for Vietnamese investors.
Measures aiming to better facilitate Vietnamese enterprises in making investment in Cambodia will also be included.
Dong described the event as a good chance for enterprises to exchange experiences and foster investment co-operation. It will also witness the debut of the association for Vietnamese investors in Cambodia.
Viet Nam’s investment in Cambodia has enjoyed considerable growth, with 63 projects licensed to date and valued at US$900 million. That makes Cambodia one of the leading countries attracting investment from Viet Nam.
These projects are primarily focused on the exploration and exploitation of minerals, agriculture, forestry, banking, insurance and telecommunication. Viet Nam’s good relationship with its neighbours and a favourable geographic position gave Vietnamese investors an advantage over others, said Lai Quang Thuc, chairman of the Viet Nam-Laos-Cambodia Association for Economic Co-operation and Development. — VNS
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